Coinbase launches USD Coin-based trading in 50 new countries

The American company Coinbase has launched trading on the basis of the USD Coin (USDC) issued with its participation of stable coin in 50 new countries, according to a crypto exchange blog.

Thus, residents of 103 countries now have access to the Coinbase retail service and the Coinbase Pro professional trading platform, with 85 of them having access to the USDC markets. Newly supported jurisdictions include Armenia, Kazakhstan, Kyrgyzstan, and Uzbekistan. A year ago, Coinbase services were only available in 32 jurisdictions.

“For new users from countries like Argentina and Uzbekistan, where the expected increase in consumer prices will reach 10–20% by 2020, USDC-like stable coin can provide an opportunity to protect themselves from inflation.”

Coinbase notes that there are more than 300 million USDC in circulation, which makes them quite accessible to users from old and new jurisdictions.

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